Sportscheck raised its sales by 7.7 percent to €319 million for the fiscal year to the end of February, reports the Otto Group, the owner of the German sports retailer, as part of its preliminary results. Sportscheck had indicated earlier this year that it staged a recovery after a sales decline of 7.2 percent and a loss of €60 million for the year to Feb. 2015. The sports retailer was affected by the implementation of changes in IT and logistics. While the Otto Group's preliminary report does not cover profitability, Sportscheck managers hinted earlier this year that the sports retailer should still suffer a double-digit million loss for the year to Feb. 2016 – albeit lower than the previous year. The Otto Group's preliminary report states that its sales increased by about 4.2 percent to €12,572 million for the fiscal year. This included growth of 5.5 percent in Germany, along with robust sales increases in North America, South America and the U.K., but declines for the French 3SI group and Otto Group Russia.

Topics